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of legislative or implementation issues. Property Assessment/Ad Valorem -Based A portion of the project area is planned for more intense development, property value -based funding sources have the potential to provide significant revenue to help fund the project. These sources can come from a one-time assessment, annual fee or tax, or other form, depending on which assessment methodologies qualify under California and Orange County legislation. After establishing eligibility, we will conduct a full review of available funding vehicles. Methodologies that may be studied include: • Local Improvement Districts (LID) • Special Assessment Districts • Business Improvement Districts (BIDs) • Developer Fees Indirect Taxes and Fees Given the project's inherent economic benefits, funding for the service need not necessarily come only from affected properties. The Cordoba team will develop a descriptive list of feasible indirect taxes and fees such as municipal parking districts and fees. Private Sector Investment The proposed project will pose unique opportunities for private -sector partnerships or collaboration. The Cordoba team will provide a set of related case studies that would be directly applicable to the proposed project. For example, the City may consider establishing long-term leases for development on public property or offering limited development rights at the SARTC or other publicly -owner property in the project area in return for contributions or services such as construction of public infrastructure and on-going maintenance of stations. We will investigate the following options: • Public Private Partnerships; • Developer Incentives (e.g., station -area development rights); • Joint Development; • Sponsorships; and • Others as appropriate. Task 9.2 Revenue Estimation The Cordoba team will collect and analyze the information identified in the RFP to determine potential funding sources and the relative magnitude of contribution. More detailed information regarding sources on the initial short list will be developed in this task, including revenue yield and reliability, legal feasibility', benefit/burden relationship (among potentially -affected burden I Cordoba Corporation and URS Corporation do not provide legal advice. Our staff are familiar with provisions of California transportation funding law, and will provide a non-technical analysis of provisions that potentially bear on funding source feasibility for the Santa Ana Streetcar. Should specific legal questions arise, however, the City should engage legal counsel to provide appropriate guidance. 24 1 Page